ERIC Number: ED366391
Record Type: RIE
Publication Date: 1994-Jan
Reference Count: N/A
A Fiscal Profile of the Illinois Public Community College System, Fiscal Years 1966-1994.
Illinois Community Coll. Board, Springfield.
An overview is provided of the fiscal development of the Illinois public community college system. Introductory sections consider the history and administrative structure of the system, and explain special funding provisions of the Public Junior College Act of 1965. The next section provides a profile of past state appropriations, focusing on average tuition rates since 1967, credit hour grant rates from 1966 to 1994, equalization grants, special grants, and other state, federal, and miscellaneous grants. Next, an explanation is provided of the present funding plan, which relies on three major funding sources: (1) state appropriations in the form of credit hour grants, equalization grants, and other special grants, which together represent 27.2% of the colleges' revenues; (2) local funding through property tax assessments, which account for 41.7% of the revenues; and (3) student tuition and fees, which contribute 26.9%. This section also includes a breakdown of total state appropriations from 1966 to 1994, of local property tax equalized assessed valuations for 1969 through 1992, and of changes in sources of college operating revenues between 1973 and 1993. An appendix contains worksheets illustrating the state's community college funding plan, providing formulas and calculations of estimated funds needed and available. (JMC)
Publication Type: Reports - Descriptive; Numerical/Quantitative Data; Historical Materials
Education Level: N/A
Authoring Institution: Illinois Community Coll. Board, Springfield.
Note: Updates ED 345 819.